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RANGERS investor Sandy Easdale has sparked fury among fans and club bosses by claiming the Ibrox outfit are on the brink of another financial meltdown.

The Union of Fans accused him of double standards after he urged them to fork out on season tickets.

It's understood Easdale - who is not a member of the plc board - was hauled over the coals by chief executive Graham Wallace yesterday for the BBC interview.

Easdale said: "The club is in a fragile position. Season ticket sales are slow. In 140 years, it has gone into administration once. I don't think it would survive a second.

"I would ask every loyal Rangers fan to support the club at this time. We don't want to go back to the dark days of administration."

Rangers could face a stock market probe as the share price dropped from 26.5p to 26p after his interview.

The club is concerned at the impact of a season-ticket boycott and it's estimated they are around 9000 down on the same stage last year.

But the UOF say Easdale has a cheek urging them to invest while the club refuse to hand over security against Ibrox and Murray Park.

They say the Easdales were granted security against Edmiston House when they gave the club PS500,000 in emergency funding.

A UOF spokesman said: "The financial position is not down to lack of support from fans. It is down to two years of mismanagement and squandering of money.

"Mr Easdale, despite his apparently intimate knowledge of the PLC's financial position, wouldn't provide a loan without security.

"He now urges fans, who are in the dark regarding this board's ability to take the club forward, to put money in to sustain the current regime, fronted by him, on behalf of nameless, faceless shareholders BPH and Margarita. "His comments about the financial position are shareprice sensitive, as are those on possible administration.

"These comments directly contradict those of Graham Wallace, on record as saying a second administration is not a possibility. We'll not be lectured by a Greenock Morton fan on loyalty to Rangers."

Easdale, chairman of the club's football board, spoke out ahead of today's release of the club's 120-day review.

The Gers board were last night locked in talks at Ibrox trying to word the review in such a way it might be sellable to fans but there's little chance of that happening.

The UOF also hit out at the appointment of PR consultant Paul Tyrrell, as revealed by Record Sport.

A former Liverpool spin doctor, he once likened their fans to the Khmer Rouge. UOF said: "Why has another highly-paid spin doctor been recruited when the club doesn't have a chief scout?" Ibrox boss Ally McCoist said of the review: "I'd be hopeful of non-negative news."

Asked if cuts to his budget would force him to consider his future, he said: "I doubt it very much."


UNDER FIRE Sandy Easdale
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Title Annotation:Sport
Publication:Daily Record (Glasgow, Scotland)
Date:Apr 25, 2014
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